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Markets · Investing · Business
Finance
Nvidia’s Last Quarter Was Nearly Perfect. One Number in the Fine Print Wasn’t.
Nvidia grew revenue by 106% in its fiscal second quarter, but there’s another number I’m watching closely.
Nvidia(NASDAQ:NVDA) recently reported $96.2 billion in revenue for the fiscal second quarter, which was 106% more than in the same period last year. The company also produced a 75% gross margin, and management told investors to expect roughly 70% revenue growth in the next fiscal year.
By most numbers, Nvidia reported a stellar quarter. However, a closer look at the company's balance sheet shows that Nvidia's total assets jumped by more than 50% over the past six months. Here's why that matters, and what I'll be watching closely over the next few quarters of Nvidia's AI-driven growth.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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